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Search ResultsShowing 1 - 10 of 100+ results for "World Bank"
Fifth pillar in retirement system considered
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... discussed the possibility of a fifth pillar in Australia's retirement income system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary ...
Chief economist update: The All Ords' ups, downs and ups
BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2020
... accommodative going forward. So much so, that the IMF forecasts global growth to rise from 2.9% in 2019 to 3.3% in 2020 and the World Bank projects growth of 2.5% in 2020 from 2.4%. What could be better for the Australian equity market? What's better ...
Chief economist update: The power of money (and a cure)
BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
"...and I think to myself, what a wonderful world." -- Louis Armstrong It seems a long, long time ago but it's only been three whole trading days (June 11) since Wall Street suffered a big fall - the day US benchmark equity indices closed sharply ...
Chief economist update: The second wave
BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...
Chief economist update: Equity market disconnect
BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
... doesn't mean that it'll be smooth sailing from here. In its June 2020 'Global Economic Prospects' report, the World Bank (WB) sees world GDP growth dropping from an estimated +2.4% in 2019 to -5.2% this year (a sharp 7.7 percentage point ...
Chief economist update: Australia needs China more than it needs us
BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... economy in the world ... is a big no no ... NO. More so if that country (China) buys 34.7% of your exports (based on World Bank figures) that roughly equates to what Australia sells to Japan (16.4%), South Korea (7.0%), India (4.9%), US (3.8%), and Singapore ...
Recovery expected in 2021: IMF
ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... particularly concerned about low-income countries in debt distress-an issue on which we are working closely with the World Bank." Georgieva said the IMF is concentrating bilateral and multilateral surveillance on this crisis and policy actions to temper ...
Chief economist update: Welcome to the day after tomorrow
BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... growth while maintaining the resilience of the financial system. "We welcome that the International Monetary Fund, the World Bank, and other international financial institutions stand ready to help member countries address the human tragedy and economic ...
Chief economist update: Coronavirus has gone viral
BENJAMIN ONG  |  TUESDAY, 28 JAN 2020
... how much the virus will eat into global growth - the swine flu of 2009 was estimated to lop off 1.0% of global GDP. World Bank data shows global GDP grew by 4.4% between 2009 and 2010 (although this had been muddied by the substantial monetary and fiscal ...
American private debt fund eyes Australia
KANIKA SOOD  |  THURSDAY, 23 JAN 2020
A private debt manager with stellar past returns, is eyeing local superannuation funds as it starts to raise for a new fund. Victory Park Capital, headquartered in Chicago, is best known in the US for lending to financial services companies, focused ...
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